Babajide Sanwo-Olu, governor of Lagos State, has urged youths to take part in entrepreneurship.
The governor said this at the maiden edition of the “Lagos Inter-Youth Collaboration,” an initiative of the Office of the First Lady of Lagos State. The event was held at LTV Blue Roof, Agidingbi, Ikeja.
According to Governor Sanwo-Olu, over 40,000 youths and startups have benefitted loan grant offered by the Lagos State Employment Trust Fund (LSETF).
The governor said the loan grants “are available irrespective of who you are, where you are from, or who you know, as long as you are a resident of Lagos.”
He also spoke on the Lagos State Science and Research Council, which has “given grants worth millions of naira to various tech firms to support them to grow and build on their innovations”.
“The council, headed by the VC of UNILAG, reviews a lot of tech start-up businesses that we have and once they see some of them, they pass them; they give them grants. In the last two years, they have given grants of N10million, N20million, N5million, and N2million to different categories of individuals.
“Our youth need to take advantage of these programmes. See how you can partake and how you can be part of it because it is published everywhere before they get entries. We have been doing it for the past two years and there is another one coming before the end of the year again,” Sanwo-Olu said.